Wednesday, May 11, 2016

The Sensex Outlook for the Day - 12-05-2016

The trend remains negative as of now.
As I mentioned in the past as well, when resistances are stronger than supports, it is easier to break the supports and get into a free fall.
As of now, 25761 is a very strong resistance and the Sensex will find is very easy to break key supports rather than struggle with 25761 now.

Date 12-May-16
S2 25,442
S1 25,590
Sensex Previous Close                                    25,597.02
R1 25,761
R2 25,866
Sensex Fair Value 27,658

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